Lisa is wondering if her company is earning the income they expected to earn at the beginning of this year. She looks at to see how the money looks, while remembering that this budget does not show cash outlays. This type of budget is called Expense Budget
<h3>
What is Expense Budget?</h3>
- The Expense Budget displays the revenue and capital expenditures of several ministries and departments and provides estimates for each under "Plan" and "Non-Plan."
- It provides a thorough study of various expenditure kinds as well as a general explanation for why estimates vary. The Expense Budget also includes the Central Government's requests for grants.
- Capital assets are crucial expenses for firms since they include cash outlays for production machinery and other equipment that generates revenue.
- Due to the fact that production equipment is more expensive than standard office supplies or monthly expenses, financing is sometimes required to purchase capital assets.
- The purchase of capital assets is typically included in expense budgets, and their effects on working capital and future cash flows are quantified. Businesses wouldn't be able to accomplish their operational goals without well managed capital investments.
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The correct answer for this question would be the term BUDGET. Budget is defined as simply a spending plan that we create to help manage our money. It <span>is an itemized summary of likely income and expenses for a given period. The main aim of budget is to stay within certain financial limit. Hope this answers your question.</span>
Answer: a. 36 years
b. 10 years
c. a. It is closely tied to standard of living.
Explanation:
a. The Rule of 72 simply states that an amount will double for a certain number of period when using the formula:
= 72 / growth rate
= 72 / 2
= 36 years
b. When the growth rate is 7%, the doubling time for the economy will be:
= 72 / growth rate
= 72 / 7
= 10 years approximately
c. The options are:
Economic growth is important to understand because:
a. It is closely tied to standard of living.
b. Growth guarantees that the rich get richer and the poor get poorer.
c. Income equality cannot exist without growth.
d. Understanding economic growth is key to getting a banking job after graduation
Answer:
=$25,400
Explanation:
The cost of the compute was $56,000
The residual value was 5000
Useful life is 5 years
Using the straight-line depreciation method, book value after three years will be
The depreciable amount will be the asset cost value - residual value
= $56,000 - $5000
= $51,000
The depreciation rate will be 1/5 year x 100 = 20%
depreciation per year will be 20% x 51,000
= 20/100 x 51,000
=$10,200
Depreciation for three years will be $10,200 x 3= $30,600
The book value after 3 years :
Book value = original cost - accumulated depreciation
= $56,000 - $30,600
=$25,400
